FAR LIMITED — Interim / Quarterly Report 2012

Jan 29, 2013

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

FAR Limited

ABN Quarter ended (“current quarter”) 41 009 117 293 31 December 2012

Consolidated statement of cash flows

Cash flows related to operating activities1.1Receipts from product sales and related debtors1.2Payments for(a) exploration & evaluation(b) development(c) production(d) administration1.3Dividends received1.4Interest and other items of a similar naturereceived1.5Interest and other costs of finance paid1.6Income taxes paid1.7Other (provide details if material)NetOperating Cash Flows	Current quarter$A’000	Year to date(12.months)$A’000
	137--(73)(632)-259--32	609--(370)(4,136)-1,118(39)-122
	(277)	(2,696)
Cash flows related to investing activities1.8Payment for purchases of:(a) prospects(b) equity investments(c) other fixed assets(d) exploration & evaluation(e) development1.9Proceeds from sale of:(a) oil & gas properties(b) equity investments(c) other fixed assets1.10Loans to other entities1.11Loans repaid by other entities1.12Other (provide details if material)Net investing cash flows1.13Total operating and investing cash flows(carried forward)	--(151)(1,303)-56-----	--(242)(12,447)(5)3,005-80---
	(1,398)	(9,609)
	(1,675)	(12,305)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13Total operating and investing cash flows(brought forward)	(1,675)	(12,305)
Cash flows related to financing activities1.14Proceeds from issues of shares, options, etc.1.15Payment of share issue costs1.16Proceeds from borrowings1.17Repayment of borrowings1.18Proceeds from security deposits1.19Other (payment of performance bonds)Net financing cash flows	-----(5,485)	15,040(792)-(2,928)20(5,485)
	(5,485)	5,855
Net increase (decrease) in cash held1.20Cash at beginning of quarter/year to date1.21Exchange rate adjustments to item 1.201.22Cash at end ofquarter	(7,160)24,5101	(6,450)23,804(3)
	17,351	17,351

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.231.24	Aggregate amount of payments to the parties included in item 1.2Aggregate amount of loans to the parties included in item 1.10	Current quarter$A'000
		138
1.25	Explanation necessaryfor an understandingof the transactions

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1	Loan facilities
3.2	Credit standby arrangements

Amount available	Amount used
$A’000	$A’000

Estimated cash outflows for next quarter

Estimated cash outflows for next quarter
4.1Exploration and evaluation4.2Development4.3Production4.4Administration	$A’000
	3,600
	-
	-
	700
Total	4,300

Reconciliation of cash

TotalReconciliation of cash		4,300
Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$A’000	Previous quarter$A’000
5.1Cash on hand and at bank5.2Deposits at call5.3Commercial Bills5.4Other (Term Deposits)	1,251	1,954
	7,100	620
	-	2,936
	9,000	19,000
Total: cash at end of quarter(item 1.22)	17,351	24,510

Changes in interests in mining tenements

6.1Interests in miningtenements relinquished,reduced or lapsed6.2Interests in miningtenements acquired orincreased	Tenementreference	Nature of interest(note (2))	Interest atbeginningofquarter	Interest atend ofquarter

• See chapter 19 for defined terms.

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Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

	Total number	Number quoted	Issue price persecurity (see note3) (cents)	Amount paid up persecurity (see note 3)(cents)
7.1Preference+securities(description)7.2Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital, buy-backs,redemptions
7.3+Ordinarysecurities7.4Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough returns ofcapital,buy-backs	2,499,846,742	2,499,846,742	N/A	N/A
7.5+Convertibledebt securities(description)7.6Changes duringquarter(a) Increasesthrough issues(b) Decreasesthrough securitiesmatured,converted
7.7OptionsConsultantIncentiveIncentiveIncentive7.8Issued duringquarter7.9Exercised duringquarter7.10Expired duringquarter	4,750,0001,500,00058,500,00010,000,000		Exercise price10 cents18 cents6 cents6 cents	Expiry date31 March 201330 April 201430 June 201523 July2015
	6,500,000		6 cents	30 June 2015
7.11Debentures(totals only)
7.12Unsecured notes(totals only)

• See chapter 19 for defined terms.

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Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: 30 January 2013 (Company secretary) Print name: Peter Thiessen

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

  • == == == == ==

• See chapter 19 for defined terms.

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